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Executive Summary

Six-unit multifamily investment opportunity in North Hollywood offering significant rental upside and two vacant units. Unit mix consists of (2) 1 bedroom 1 bath units, (2) 2 bedroom 1 bath units and (2) 3 bedroom 2 bath units. The building contains approximately 5,278 square feet and is situated on an approximately 7,635-square-foot lot, with each unit separately metered for gas and electricity. Recent improvements include new interior and exterior electrical panels and a new garage carport roof. The property is conveniently located near the 170, 101, and 5 freeways. Two vacant units and potential to increase rents, the property presents an attractive opportunity for an investor seeking immediate leasing flexibility and long-term value creation. Information has been obtained from sources believed to be reliable; however, no representations or warranties, expressed or implied, are made regarding its accuracy. Square footage, lot size, unit details, and property age are approximate, and the buyer is responsible for independently verifying all information.

Financial Summary (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Gross Rental Income $192,198 $36.41
Other Income $2,105 $0.40
Vacancy Loss - -
Effective Gross Income $194,303 $36.81
Taxes $26,229 $4.97
Operating Expenses $39,802 $7.54
Total Expenses $66,031 $12.51
Net Operating Income $128,272 $24.30

Financial Summary (Actual - 2025)

Gross Rental Income (CAD)
Annual $192,198
Annual Per SF $36.41
Other Income (CAD)
Annual $2,105
Annual Per SF $0.40
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $194,303
Annual Per SF $36.81
Taxes (CAD)
Annual $26,229
Annual Per SF $4.97
Operating Expenses (CAD)
Annual $39,802
Annual Per SF $7.54
Total Expenses (CAD)
Annual $66,031
Annual Per SF $12.51
Net Operating Income (CAD)
Annual $128,272
Annual Per SF $24.30

Property Facts

Price $2,098,382 CAD
Price Per Unit $349,730 CAD
Sale Type Investment
Cap Rate 6.11%
Gross Rent Multiplier 10.79
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Manufactured Housing Mobile Home Park
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class C
Lot Size 0.18 AC
Building Size 5,278 SF
Average Occupancy 100%
No. Stories 2
Year Built 1957
Parking Ratio 1.01/1,000 SF
Zoning LAR3

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 2 - -
1+1 2 - -
3+2 2 - -
Moderately walkable
60/100
Exceptionally drivable
100/100
Some public transit
40/100
Moderately bikeable
60/100

Property Taxes

Property Taxes

Parcel Number
2324-030-036
Land Assessment
$1,124,006 CAD
Improvements Assessment
$749,334 CAD
Total Assessment
$1,873,340 CAD
Annual Taxes
$26,229 CAD ($4.97 CAD/SF)
Tax Year
2025
  • Listing ID: 41479126

  • Date on Market: 2026-07-29

  • Last Updated:

  • Address: 6925 Whitsett Ave, North Hollywood, CA 91605

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